What is a 'professional client'? Definition & meaning

More terms

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

Bond

Learn what a bond is

DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

Clean price

The quoted price of a gilt, which excludes accrued interest

Yield

Income from an investment as a percentage of its current price.

Professional Client